Question
Need serious help with this Problem cant get proper answers Bell Smythe manufactures a specialty precision scale. For January, the company expects to sell 1,400
Need serious help with this Problem cant get proper answers
Bell Smythe manufactures a specialty precision scale. For January, the company expects to sell 1,400 scales at an average price of $2,340 per unit. The average manufacturing cost of each unit sold is $1,420. Variable operating expenses for the company will be $1.10 per unit sold and fixed operating expenses are expected to be $7,500 for the month. Monthly interest expense is $3,300. The company has a tax rate of 20% of income before taxes. Prepare Bell Smythe's budgeted income statement for January.
---
Confections produces fudge trufflesfudge truffles in 10-pound batches. Each batch takes 0.1 hours of direct labor, which includes allowances for breaks, cleanup, and other downtime. WylerWyler pays its direct labor workers an average of $15.25 per hour. Calculate the standard direct labor cost per batch of fudge trufflesfudge truffles. (Round your answer to the nearest cent.)
The standard direct labor cost per batch of fudge truffles is?
---
Manufacturing produces premium dog houses. Each dog house requires 2.0 hours of machine time for its elaborate trim and finishing. For the current year, Bauer calculated its predetermined fixed manufacturing overhead (MOH) rate to be $24 per machine hour. The company budgets its fixed MOH to be $96,200 per month. Last month, Bauer produced 1,900 dog houses and incurred $99,200 (actual) of fixed MOH.
Requirements
1. Calculate the fixed overhead budget variance.
2. Calculate the fixed overhead volume variance.
Requirement 1. Calculate the fixed overhead budget variance.
Begin by determining the formula for the fixed overhead budget variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).)
|
|
|
|
| Fixed MOH | |
|
| - |
| = | budget variance | |
| - |
| = |
|
|
Requirement 2. Calculate the fixed overhead volume variance.
Begin by determining the formula for the fixed overhead volume variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).)
|
|
|
|
| Fixed MOH | |
|
| - |
| = | volume variance | |
| - |
| = |
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started